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Doing partnership

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  • Doing partnership

    Hi All
    My Wife is trying to start a Home Care business in our local area, we have everything in place (a business premises, the qualifications and all the policies and procedures in place).
    We had a interview at our nearest CQC office this morning to register the business and my wife as registered manager, we also had a nominated individual who has managerial experience go in for an interview this afternoon.clicking test
    CQC have now been back in touch with us saying that the application would probably be declined because of my wife's lack of managerial experience, she has all the qualifications (Hons Degree in Health & Social Care management) but that alone isn't enough. Everything else is good but for this one issue. text to speech tools
    Our Nominated individual has the credentials to be the registered manager which would be good but he doesn't trust anyone now as he's been used by two other companies in the past and his wage along with staff wages and office rental would swallow up all of our 10k savings within the first three months, I suggested to my wife that we take him on as a partner in the business but I'm not 100% sure on the best way to go about it
    If he is to be a 3rd partner then would we say he'd need to put a cash sum (say 5k) into the business or is his experience as a manager his contribution into the partnership, also! if he agrees to be a partner we'd need some form of legal documentation drawing up which would cost money that we can ill afford. Is there a template available that we can download and adjust to suit our business.
    Last edited by keyshawn; 25th November 2020, 15:20:PM.
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  • #2

    You've already asked this before and received a response from me.

    If you have a question about the voluntary termination process, please read this guide first, as it should have all the answers you need. Please do not hijack another person's thread as I will not respond to you
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